Question 12

The ratio of selling price to the cost price is 21 : 16. What is the profit percentage?

Solution

Ratio of selling price to the cost price = 21 : 16

Let Cost price = $$x=16$$ and selling price = $$y=21$$

=> Profit % = $$\frac{(y-x)}{x}\times100$$

= $$\frac{(21-16)}{16}\times100$$

= $$\frac{500}{16}=31.25\%$$

=> Ans - (D)

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